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Telenor appoints Petter Furberg as new CEO

Telenor appointed Petter Furberg as new CEO. Telenor Group named a new Chief Executive Officer for Telenor Myanmar. The company appointed Petter Furberg for the position, effective upon approval from relevant Myanmar authorities.


San Miguel targets around US $4 billion for power assets stake

The Philippines' biggest corporation eyes to raise US $4 billion for its power assets shares. San Miguel Corp, Philippines' top acquisitive company, is planning to accumulate US $4 billion to finance its infrastructure project expansion by selling its power assets.

FirstRand’s bid to buy Merchant Bank Ghana fails

South Africa's second-biggest financial services corporation's talks to purchase Merchant Ghana Bank failed.

Tsinghua buys Spreadtrum for US $ 1.78 billion

Tsinghua Unigroup buys the cellphone chip designer for US $1.78 billion. Tsinghua Unigroup approved to purchase Speadtrum Communications Inc in the amount of US $1.


Latest News

Bloomberg New Energy Finance reported that investments in the renewable energy sector increased except in the European region.
Permira placed a bid for Cermaq. Permira, a private equity firm, placed a bid for Cermaq's fish feed arm, EWOS, according to two anonymous sources familiar with the matter.
To increase investments in the research and development sector of India, a government panel created new guidelines.
Cloudary Corp, China's online company, would withdraw its IPO worth more than US$200 million due to the market's current condition.
TIO Networks enterd into an agreement to acquire Globex Financial Services. TIO Networks Corp. has announced that the company planned to acquire of Globex Financial Services Inc.
Rwanda reached its yearly projected investment amount after only six months. The African nation of Rwanda is showing signs of growth after achieving its US$1.
The UK government together with the auto industry is investing US $1.5 billion to fund research. The British government together with 27 firms from the auto industry will finance a research center amounting to US $1.
Walker Crips set a date for the launch of the country's first ever regulated bridging finance fund.
Conatus Pharmaceuticals offered 5 million shares for another IPO. Conatus Pharmaceuticals Inc. announced that it will be offering 5 million shares for another initial public offering.
Tsinghua Holdings would purchase a mobile chip designer, Spreadtrum, for US$1.78 billion. Tsinghua Holdings Co Ltd, state-owned unit, would purchase Spreadtrum Communications Inc for US$1.